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How Guildhall Lettings Help Tenants

At Guildhall Residential Lettings our staff are trained and equipped to assist tenants to find properties to rent that will meet your needs.

If you are moving into the area, we can assist with your complete relocation whether you are able to come to our office personally or need the process to be managed remotely.

Typically, properties to rent become available one to two months before occupancy date, so where possible it is advisable to start looking early.


Having identified prospective properties, Guildhall will arrange for you to view the property. These will be arranged at a time to suit you, subject of course to the Landlords permission. Viewing will always be accompanied by a Guildhall representative, who will be able to provide immediate advice and answer any questions you may have.


Having selected a property, you will need to complete a written application and offer to rent. At this time any details or requirements can be agreed, including occupancy date, duration of the letting, etc.

On application, a “Holding Deposit” will be required. The holding deposit is equivalent to 1 weeks rent. Assuming the rental proceeds, this will be deducted from the balance due before occupation as outlined below. It will also be refunded if the landlord declines the tenancy. It will, however, not be refunded if the tenant decides not to proceed for any reason, or if the tenancy fails to proceed due to incomplete or inaccurate information provided in the tenancy application.


Guildhall will take references on behalf of the landlord. Normally, this will include your employer, any former landlord and a character reference. In addition a credit check will be undertaken.

Where a tenant is unable to meet the required income or credit checks, the tenant can have a Guarantor agree to underwrite any rent liabilities.

Renting in Preston

Rents are normally quoted on a calendar month basis. In addition, the tenant is normally responsible for Council Tax, Water Rates, Gas, Electricity and Telephone costs.

Rents are payable by standing order (unless alternative arrangements are agreed in advance) to the Guildhall Client Account, monthly in advance, with the first month’s rent due before taking occupation of the premises.


A deposit is required prior to occupation. This is normally equal to about 5 week’s rent, but may vary. Check with your Guildhall representative. This is held by Guildhall as stake holder in a secure client account until the end of the tenancy.

The deposit is held to cover any breakages, damage, or other tenant liabilities. At the end of the tenancy Guildhall Residential Lettings, or an independent Inventory Agent, will check the property in the presence of the tenant and assess any damages and deductions due.

The deposit cannot be used by the tenant to cover rent.

Our Fees Explained

Moving home can be stressful enough without having to navigate complicated fee structures.  That’s why we are transparent about our costs, ensuring you know from the start how much it will cost you to move in, without the worry of any hidden charges.

The ‘Holding Deposit’ mentioned above is deducted from the total balance payable on your move-in date.

Cost  What’s it for? How much?
Deposit / Bond Held in the Government approved MyDeposits, this deposit is to ensure the property is returned to the owner in good condition. Capped at equivalent of 5 weeks rent 
First Month Rent Payable on or before your tenancy start date, this is the first payment in your 6 month tenancy. See individual property adverts


If you are looking at a property with a monthly rental of £500, and require a guarantor on your tenancy, the total costs of moving in would be as follows.

Deposit £575
Rent £500
Total £1075 
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